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FINANCIAL NEWS
Qatar’s Almeera plans $467m investment
07 Apr 2010
(MENAFN) a senior official at Qatar’s Al Meera chain of Cooperative stores (Al Meera) said that the company has plans to invest around $467 million on construction, reconstruction and renovation of a number of its branches in the next three years, QNA reported.
He pointed out that there are a few branches under design and the company will be issuing tender for their construction this year. These branches, he added, cover areas of Jariyan Nijeimah, Mureikh, Hazm Al Markhiyah and Nuaija along with Abu Nakhla branch, which is currently under construction.
He noted that a number of existing branches will be renovated and expanded, including Hazm Al Markhiyah branch, the main branch, which will be demolished and rebuilt as part of this plan. Moreover, a number of branches including Ein Khalid will be designed.
He also added that several plots of land in different areas were allocated to Al Meera but some of them were of small size and cannot meet the company’s requirements.
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